XAUUSD – Reaction Level Hit, High VolatilityGold (XAUUSD)CAPITALCOM:GOLDSergiu_SmartMoney🔍 Current context All targets delivered ✔️ Price has reached a major reaction level (4743 – 4758) Liquidity taken + HH formed (4747.57) Strong volatility appearing exactly at this level 🧠 What the market is doing The reaction level acts as a zone where smart money distributes After bullish expansion → profit-taking begins Area = extreme premium + reaction level Clearly visible: large wicks sharp rejections possible fake breakouts above the level 👉 Classic SMC: reaction at level = decision point (continuation or reversal) 📊 Scenarios 🔴 Primary scenario (reaction from level) Rejection from reaction level 4743 – 4758 Targets: 4667 4649 4515 (major discount + OB) 🟢 Alternative scenario (acceptance above level) If: clean break above reaction level (4758) acceptance above (not just wick) 👉 then: continuation toward 4866 (next reaction level) ⚠️ Important This is NOT a buy level, but a reaction / distribution level Suitable for: exits / profit protection or LTF short setups with confirmation